Mfs Conservative Correlations

MACBX Fund  USD 16.94  0.02  0.12%   
The correlation of Mfs Conservative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.92VWIAX Vanguard Wellesley IncomePairCorr
  0.87VWINX Vanguard Wellesley IncomePairCorr
  0.93BKMIX Blackrock Multi AssetPairCorr
  0.93HBLTX Hartford BalancedPairCorr
  0.93HBLRX Hartford BalancedPairCorr
  0.93HBLSX Hartford BalancedPairCorr
  0.93HBLVX Hartford BalancedPairCorr
  0.93HBLFX Hartford BalancedPairCorr
  0.93HBLYX Hartford BalancedPairCorr
  0.93HBLCX Hartford BalancedPairCorr
  0.88KF Korea ClosedPairCorr
  0.78FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.88SGGDX First Eagle Gold Steady GrowthPairCorr
  0.87USAGX Precious Metals AndPairCorr
  0.87FSAGX Gold Portfolio GoldPairCorr
  0.86GOLDX Gabelli GoldPairCorr
  0.91UNWPX World Precious MineralsPairCorr
  0.88OPGSX Oppenheimer Gold SpecPairCorr
  0.87EKWAX Wells Fargo Advantage Steady GrowthPairCorr
  0.92BMBSX Baird Quality IntermPairCorr
  0.82PBLCX Blue Chip FundPairCorr
  0.88GILCX Guggenheim Large CapPairCorr
  0.84GSSQX Goldman Sachs EquityPairCorr
  0.87GLRIX James Balanced GoldenPairCorr
  0.92CFIPX Qs Global EquityPairCorr
  0.74AA Alcoa CorpPairCorr
  0.66CVX Chevron Corp Earnings Call TomorrowPairCorr

Moving against Mfs Mutual Fund

  0.47HPQ HP IncPairCorr
  0.44VZ Verizon Communications Earnings Call TomorrowPairCorr
  0.34MMM 3M CompanyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Conservative Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mfs Conservative's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.